Common use of Direct Rollovers Clause in Contracts

Direct Rollovers. (a) This section applies to distributions made on or after January 1, 1993. Notwithstanding any provision of the Plan to the contrary that would otherwise limit a distributee's election under this part, a distributee may elect, at the time and in the manner prescribed by the Plan Administrator, to have any portion of an eligible rollover distribution, that is equal to at least $500, paid directly to an eligible retirement plan specified by the distributee in a direct rollover.

Appears in 6 contracts

Samples: Adoption Agreement (Dreyfus Worldwide Dollar Money Market Fund Inc), Adoption Agreement (Dreyfus Growth & Value Funds Inc), Adoption Agreement (Dreyfus Global Growth Fund)

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Direct Rollovers. (a) This section applies to distributions made on or after January 1, 1993. Notwithstanding any provision of the Plan to the contrary that would otherwise limit a distributee's election under this part, a distributee may elect, at the time and in the manner prescribed by the Plan Administrator, to have any portion of an eligible rollover distribution, that is equal to at least $500, paid directly to an eligible retirement plan specified by the distributee in a direct rollover.

Appears in 4 contracts

Samples: Adoption Agreement (Dreyfus Global Bond Fund Inc), Adoption Agreement (Dreyfus Growth Opportunity Fund Inc), Adoption Agreement (Dreyfus Growth & Income Fund Inc /New/)

Direct Rollovers. (a) This section applies to distributions made on or after January 1, 1993. Notwithstanding any provision of this Custodial Account or the Employer’s 403(b) Plan to the contrary that would otherwise limit a distributee's election under this partsection, a distributee Distributee may elect, at the time and in the manner prescribed by the Plan AdministratorCustodian, to have any portion of an eligible rollover distribution, that is equal to at least $500, Eligible Rollover Distribution paid directly to an eligible retirement plan Eligible Retirement Plan specified by the distributee Distributee in a direct rollover.

Appears in 3 contracts

Samples: 403(b)(7) Retirement Plan Custodial Account Agreement, 403(b) Plan Account Application, 403(b) Plan Account Establishment

Direct Rollovers. (a) This section Section applies to distributions made on or after January 1December 31, 19932001. Notwithstanding any provision of the Plan to the contrary that would otherwise limit a distributee's election under this part’s election, a distributee may elect, at the time and in the manner prescribed by the Plan AdministratorPlan, to have any portion of an eligible rollover distribution, distribution that is equal to at least $500, 500 paid directly to an eligible retirement plan specified by the distributee in a direct rollover. If an eligible rollover distribution is less than $500, then a distributee may not make the election described in the preceding sentence to rollover a portion of the eligible rollover distribution.

Appears in 2 contracts

Samples: 401(k) Non Standardized Prototype Adoption Agreement (Littelfuse Inc /De), 401(k) Non Standardized Prototype Adoption Agreement (Michaels Stores Inc)

Direct Rollovers. (a) This section applies The provisions of this Section shall apply to distributions made on or after January 1, 1993. Notwithstanding any provision of the Plan to the contrary contrary, that would otherwise limit a distributeeDistributee's election under this partSection, a distributee Distributee may elect, at the time and in the manner prescribed by the Plan Administrator, to have any portion of an eligible rollover distribution, that is equal to at least $500, Eligible Rollover Distribution paid directly to an eligible retirement plan Eligible Retirement Plan specified by the distributee a Distributee in a direct rolloverDirect Rollover.

Appears in 2 contracts

Samples: 401(k) Plan Document (Metals Usa Inc), 401(k) Plan Document (Metals Usa Inc)

Direct Rollovers. (a) This section applies The provisions of this Section shall apply to distributions made on or after January 1, 1993. Notwithstanding any provision of the Plan to the contrary contrary, that would otherwise limit a distributee's Distributee’s election under this partSection, a distributee Distributee may elect, at the time and in the manner prescribed by the Plan Administrator, to have any portion of an eligible rollover distribution, that is equal to at least $500, Eligible Rollover Distribution paid directly to an eligible retirement plan Eligible Retirement Plan specified by the distributee a Distributee in a direct rolloverDirect Rollover.

Appears in 2 contracts

Samples: Adoption Agreement (BRPP LLC), Adoption Agreement (Sonic Corp)

Direct Rollovers. (a) This section applies to distributions made on or after January 1, 1993. Notwithstanding any provision of this Custodial Account or the Employer’s 403(b) Plan to the contrary that would otherwise limit a distributee's ’s election under this partsection, a distributee Distributee may elect, at the time and in the manner prescribed by the Plan AdministratorSponsor, to have any portion of an eligible rollover distribution, that is equal to at least $500, Eligible Rollover Distribution paid directly to an eligible retirement plan Eligible Retirement Plan specified by the distributee Distributee in a direct rollover.

Appears in 2 contracts

Samples: Custodial Account Agreement, Custodial Account Agreement

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Direct Rollovers. (a) This section applies to distributions made on or after January 1, 1993. Notwithstanding any provision of the Plan Program to the contrary that would otherwise limit a distributee's election under this partsection, a distributee may elect, at the time and in the manner prescribed by the Plan AdministratorCustodian, to have any portion of an eligible rollover distribution, that is equal to at least $500, Eligible Rollover Distribution paid directly to an eligible retirement plan Eligible Retirement Plan specified by the distributee Distributee in a direct rollover.

Appears in 1 contract

Samples: 403(b)(7) Custodial Account Agreement

Direct Rollovers. (a) 11.8.1 This section Section applies to distributions made on or after January 1, 1993. Notwithstanding any provision of the Plan to the contrary that would otherwise limit a distributee's election under this partSection, a distributee may elect, elect at the time and in the manner prescribed by the Plan Administrator, to have any portion of an eligible rollover distribution, that is equal to at least $500, distribution paid directly to an eligible retirement plan specified by the distributee in a direct rollover.

Appears in 1 contract

Samples: Regional Prototype Profit Sharing Plan and Trust/Custodial Account Nonstandard Plan Adoption Agreement (Greater Bay Bancorp)

Direct Rollovers. (a) This section applies The provisions of this Section shall apply to distributions made on or after January 1, 1993. Notwithstanding any provision of the Plan to the contrary that would otherwise limit a distributee's Distributee’s election under this partSection, a distributee Distributee may elect, at the time and in the manner prescribed by the Plan Administrator, to have any portion of an eligible rollover distribution, that is equal to at least $500, Eligible Rollover Distribution paid directly to an eligible retirement plan Eligible Retirement Plan specified by the distributee a Distributee in a direct rolloverDirect Rollover.

Appears in 1 contract

Samples: Basic Plan Document (Fairfax Financial Holdings LTD/ Can)

Direct Rollovers. (a) This section Article applies to distributions made on or after January 1, 1993. Notwithstanding any provision of the Plan to the contrary that which would otherwise limit a distributee's election under this partArticle 8.18, a distributee distributes may elect, at the time and in the manner prescribed by the Plan Administrator, to have all or any portion of an eligible rollover distribution, that is equal to at least $500, distribution paid directly in the form of a direct rollover to an any eligible retirement plan specified by the distributee in a direct rollover.distributes. For purposes of this Article 8.18, the following definitions shall apply:

Appears in 1 contract

Samples: Adoption Agreement (Bway Corp)

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